Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link
Dow Jones Industrial Average
) is trading down 54.0 points (-0.3%) at 16,883 as of Tuesday, Jun 24, 2014, 1:36 p.m. ET. During this time, 154.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 334.6 million. The NYSE advances/declines ratio sits at 1,625 issues advancing vs. 1,391 declining with 163 unchanged.
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The Dow component leading the way higher looks to be
), which is sporting a 10-cent gain (+0.1%) bringing the stock to $75.55. Volume for Nike currently sits at 1.8 million shares traded vs. an average daily trading volume of 3.4 million shares.
Nike has a market cap of $52.61 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 4.1% year-to-date as of Monday's close. The stock's dividend yield sits at 1.3%.
NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of athletic footwear, apparel, equipment, and accessories, as well as in the provision of services to men, women, and kids worldwide.
TheStreet Ratings rates Nike as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Nike Ratings Report.